STOCKHOLM, Sweden, Oct. 25, 2001 (PRIMEZONE) -- Intentia International AB (publ) (XSSE:INTB) has, through improved efficiency and major investments, built up a global organization and a strong product position. This provides a unique position of strength from which Intentia can expand rapidly to become the world leader in its market.
In-line with Intentia's short-term goals, the prerequisites for expansion are profitability and balanced cash flow.
Through a strong third quarter, Intentia has taken one more step towards achieving these goals. Operating earnings for the third quarter improved by SEK 114 million and rose to SEK 2 million, and revenue increased by 33 percent in a weak market.
During the year, Intentia's development has shown a positive trend where continuous efficiency improvements and growth have resulted in a strong market position and considerably improved profitability and cash flow. Net revenue increased by 21 percent from SEK 2,268 million to SEK 2,736 million, license orders received rose by 19 percent to SEK 740 million, operating earnings climbed by SEK 274 million to SEK -6 million and cash flow improved by SEK 462 million to SEK -49 million.
"Intentia's development demonstrates that we deliver on our commitments. We have a strong position that we will use to grow further," comments Bjorn Algkvist, CEO, Intentia International AB. "We have a bit left to go before we reach our profitability and cash flow goals. When those are met, Intentia will move into the next expansion phase in line with our plans."
About Intentia
Intentia is one of the world's leading suppliers of collaboration solutions. Our vision is to become the leading global collaboration solutions vendor by supplying our customers with tomorrow's solutions today. Intentia offers a one-stop shop for all collaboration needs within numerous industry segments. We develop, implement and maintain our own solutions to produce the highest possible level of customer satisfaction. The Intentia Solution consists of applications covering customer relationship management (CRM), enterprise management (ENM), supply chain management (SCM), business performance measurement (BPM), e-business and value chain collaboration (VCC). Intentia has more than 3,200 employees and serves more than 3,400 customers in the manufacturing, maintenance and distribution industries via a global network spanning some 40 countries. Intentia is a public company traded on the Stockholm Stock Exchange (XSSE) under the symbol INT B.